Overview
- Lemonade shares rebounded in recent weeks after Morgan Stanley raised its rating to Overweight and lifted its price target to $85.
- Morgan Stanley linked the call to Lemonade’s work with Tesla on auto insurance, saying access to vehicle data could sharpen pricing and operations.
- The bank also pointed to Lemonade Car as a path into coverage for autonomous driving, describing potential for outsized growth as a long-run case.
- Keefe, Bruyette & Woods kept an Underperform rating even as it lifted its target to $44, citing faster premium growth and better loss ratios offset by higher operating expenses.
- Yahoo Finance noted sharp stock swings tied to the upgrade and to broader market jitters, while Insider Monkey’s write-up mixed the analyst updates with promotional content and a “Disclosure: None” statement.